Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of a security drops, demand the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to a sell-off when prices increase.
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Paul Hayes
Sales & Marketing
Email: [email protected]
Phone: (44) 203 289 6573
Website: https://clickalgo.com
Twitter | Facebook | Google+ | YouTube | Pinterest | LinkedIn